Arconic Corporation, headquartered in Pittsburgh, PA, entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo Global Management, Inc. The all-cash transaction, valued at around $5.2 billion, includes a minority investment from funds managed by affiliates of Irenic Capital Management. Upon completion of the transaction, the company’s shares will no longer […]
Arconic is continuing its expansion project at its Tennessee Operations facility near Knoxville. The company is investing more than $100 million to support its previously announced industrial expansion — as well as its recently announced reentry into the can sheet market. “This expansion enables Arconic to help meet the strong customer demand for industrial products […]
The all-new 2021 Nissan Rogue is the company’s first vehicle built using a closed-loop recycling system for aluminum parts. The system helps reduce CO2 emissions compared with using parts made with primary alloys. It also promotes the use of materials that don’t rely on newly mined resources, and reduces the amount of waste from factories. […]
By Jinlong “Marshall” Wang, Aluminum Association; Jessica Sanderson, Novelis North America; Chris Moore, Consultant for Arconic; Duncan Pitchford, Hydro North America; Jerome Fourmann, Rio Tinto North America; Karah Davenport, Stratacomm; and Kenneth Martchek, Martchek Consulting The steel industry has made sensational life cycle assessment (LCA) claims about its products in automotive lightweighting applications over comparable […]
Arconic Corporation, headquartered in Pittsburgh, Pennsylvania, has began operating as a leader in advanced aluminum sheet, plate, extrusion, and architectural products used in ground transportation, aerospace, industrial, packaging, and commercial building markets. This follows the announcement that Arconic Inc. would separate into two standalone companies — Arconic Corporation and Howmet Aerospace. Arconic Corporation will be led by CEO Tim Myers. “Arconic […]
Howmet Aerospace Inc., headquartered in Pittsburgh, Pennsylvania, launched as a standalone manufacturer of advanced engineered solutions for the aerospace and transportation industries. This follows the announcement that Arconic Inc. would separate into two standalone companies — Howmet Aerospace and Arconic Corporation. Howmet will be led by John C. Plant, who will serve as co-CEO and […]
Airbus is expanding its industrial footprint in the U.S. by increasing the production rate of A320 family aircraft. The company will invest $40 million in construction of an additional support hangar on the site, enabling it to produce sixty-three A320 family aircraft per month at its manufacturing facility in Mobile, Alabama, in 2021. “Airbus has been manufacturing […]
Arconic Inc. is investing approximately $100 million to expand its hot mill capability and add downstream equipment capabilities to manufacture industrial and automotive aluminum sheet products in its Tennessee Operations facility near Knoxville, Tennessee. The company already has customer commitments for the majority of the increased capacity, with the remainder to be filled by projected […]
During its fourth quarter and full year 2018 results presentation, Arconic Inc. announced plans to restructure its business into two separate businesses. “As part of [the company’s] strategy and portfolio review, we have determined to separate the portfolio into Engineered Products & Forgings and Global Rolled Products,” said John C. Plant, who was recently named chief […]
